News / HMM stays in the black in Q4, but fears more 'market volatility'

Photo: © Marius Steinke | Dreamstime.com

HMM has bucked the negative trend of its peers by managing to stay in the black in Q4 last year, and has shrugged off the collapse of its sale to Harim Group.

Harim walked away from a deal to buy a 57.9% stake in the South Korean ocean carrier from its state owners, Korea Development Bank (KDB) and Korea Ocean Business Corp (KOBC), after failing to come to terms by the 6 February deadline.

In a ...